Godrej Properties to buy multiple land parcels in FY26 with revenue potential of Rs 30K cr: Executive Chairperson Pirojsha Godrej

Economic Times
Economic Times
6d ago 14 views
Godrej Properties aims to acquire multiple land parcels this fiscal year, targeting a revenue potential of Rs 30,000 crore. This expansion reflects the company's confidence in housing demand.
Godrej Properties to buy multiple land parcels in FY26 with revenue potential of Rs 30K cr: Executive Chairperson Pirojsha Godrej
A What happened
Godrej Properties is aggressively expanding its land acquisitions, aiming for a revenue potential of around Rs 30,000 crore in FY26. The company has already surpassed its initial business development guidance of Rs 20,000 crore for the first half of the fiscal year. Executive Chairperson Pirojsha Godrej expressed confidence in achieving a sales bookings target of Rs 32,500 crore for the full year. Recent acquisitions include a 75-acre land parcel in Nagpur and a 30-acre site in South Bengaluru, both intended for housing projects. Godrej Properties is also focusing on executing projects in the second half of the fiscal year, with sales bookings having increased by 13% compared to the previous year.
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Key insights

  • 1

    Strong Land Acquisition Strategy

    Godrej Properties is actively acquiring land to meet housing demand.

  • 2

    Sales Growth

    The company reported a 13% increase in sales bookings in the first half.

  • 3

    Focus on Execution

    Godrej Properties aims to enhance project execution in the upcoming months.

Takeaways

Godrej Properties' aggressive land acquisition strategy and strong sales performance indicate a positive outlook for the company's growth in the real estate sector.

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